Following Russia's military invasion of Ukraine, stock prices fell sharply across Europe's major stock markets.
Meanwhile, in Russia, stock prices and currency rubles plummeted, deepening financial market turmoil.
In the European stock market on the 24th, the market in Frankfurt, Germany, fell by 4% immediately after the start of the transaction, resulting in a total depreciation.
The closing prices of major stock indexes fell 3.9% in the Frankfurt market and 3.8% in both the London and Paris markets compared to the previous day.
Market officials said, "In Europe, where the proportion of energy dependent on Russia is high, it is perceived that the economic impact is likely to spread due to the invasion of Ukraine and the expected tightening of sanctions from Europe and the United States in the future. The sense of caution has increased. "
On the other hand, in the Russian stock market, the typical stock index temporarily plummeted by about 50%, and even the closing price fell by nearly 40%.
In addition, the Russian currency ruble was also sold, and the turmoil in the financial markets deepened, with the dollar temporarily dropping to the 89 ruble level and hitting the lowest ever.